Apr 26 2023

Texas Daily Ag Market News Summary Posted 1 years 22 days ago by Administrator Account

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

 

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Fed Cattle:  As of 3:00 PM Wednesday, negotiated cash trading in the Western Cornbelt has been limited on light demand with a few live and dressed purchases In the Western Cornbelt at 180.00 and 285.00, respectively. However, not enough purchases for a market trend. Last week in the Western Cornbelt live and dressed purchases traded from 180.00-183.00 and at 288.00, respectively. Negotiated cash trading in the Southern Plains and Nebraska has been inactive on very light demand. Not enough purchases for a market trend. Last week In the Texas Panhandle live purchases traded at 175.00. In Kansas live purchases traded from 173.00-175.00. For the previous week in Nebraska live and dressed purchases traded from 180.00-185.00 and from 284.00-290.00, respectively.

Negotiated Sales:

Confirmed:       13,939

Week Ago:        11,643

Year Ago:             9,378

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,300

Weighted avg. weight:        855.00

Weighted avg. net price:     283.63

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Cattle Slaughter under Federal Inspection

Wednesday       122,000

Week Ago           125,000

Year Ago             124,000

Week to Date    374,000

Last Week          374,000

Last Year            374,000 

Tuesday

Steers & Heifers:   100,000

Cows & Bulls:           28,000

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Boxed Beef:

Cutout Values:

Choice: 309.24… +1.61

Select:  287.94… +0.32

Choice/Select Spread: 21.31

Total Load Count: 97

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Cutter Cow Cutout:

220.11… -0.88

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CME Feeder Cattle Index for April 25th:

201.31… +0.05 / +0.02%

1 Year Change: +28.87%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 174.52… +0.22

June: 164.57… +0.55

August: 163.40… +0.45

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Feeder Cattle:

April: 202.67… +0.60

May: 210.27… +0.85

August: 230.95… +1.45

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May Lean Hogs: 78.27… +1.40

June Crude Oil: 74.30… +2.77

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May Corn: 6.4150… -0.0500

May Wheat: 6.2725… -0.1150

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Grain Cash Bids:

Omaha Corn: 6.43… -0.10

Kansas City Wheat: 7.43… -0.20

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Financial Markets:

DJIA: 33,301.67… -230.05

S & P 500: 4,055.95… -15.76

NASDAQ: 11,854.35… +55.19

U.S. Dollar Index: 101.50… -0.36